Investment Highlights
- Significant Value-Add Opportunity: ±$120,000 in "light lift" renovation upside in addition to ±$387,000 in annual, organic, as-is loss-to-lease upside on current, in-place attained rent.
- Strong In-Place Stable Cash Flow and Positive Revenue Trends: 9% new leases and 10.9% renewals
- Excellent Dual-Commuter Location: Highly desirable Westlake District location with immediate access to Interstate 91, Hartford to the North, and New Haven to the South
- Middletown Brooke and Middletown Ridge are offered individually or as a 518-unit portfolio.
Exclusively listed by
Related Research
More Listings from Victor W. Nolletti
Middletown Brooke
